Retailer Genesco Inc GCO released financial results on Thursday morning that easily beat Wall Street estimates.
Genesco Inc reported that it swung to 1st quarter net income of $8.6 million, or 36 cents per share, from a net loss of $5.6 million, or 30 cents per share, a year earlier.
Excluding special items, Genesco Inc reported earnings of 42 cents per share.
According to a poll of analysts by Thomson Reuters, the average Wall Street estimate called for earnings of 22 cents per share.
Genesco Inc raised its full-year earnings forecast to a range of $2.10 to $2.20 per share.
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